The NYT ran a story that connects two dots: the housing bust and a slowing economy. Because housing has been a big employer, as new home construction comes a standstill, the effects will reverberate through the economy. Thus comes the answer to the question posed by readers several times on this blog: So long as I’m not strung out on some crazy mortgage, why should I care if the housing market implodes? Because it affects the whole economy.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1250370